Maker DAO (MKR) News, Price Predictions, Opinions and Analyses Created by Users

Maker DAO (MKR)

276 Articles 23,669 Followers

The Maker (MKR) and DAI tokens together form the dual-coin MakerDAO stablecoin ecosystem, which was launched in 2018, though the idea was developed in 2015. Even with its relative recency, the MKR and DAI stablecoin token have gone on to gather much support among crypto investors for its non-custodial solutions to stablecoins.

While the DAI stablecoin is the actual stablecoin that is pegged on a 1:1 ratio with the US Dollar, the MKR token is perhaps the more significant token of the two, being a utility token that is used for governance on the platform. 

One of the key differences between MakerDAO and other stablecoins is that MakerDAO is non-custodial. While other tokens may choose to make their stablecoins irredeemable for whatever reason, Maker’s DAI token operates on Collateralized Debt Positions or CDPs. Users deposit a certain amount of Ether for which they receive a portion of the DAI token. The stability of the DAI maintained through the MKR token, in addition to its role as a governance tool.

The unique stablecoin system has made MakerDAO a popular token despite its relative newness. The project has no roadmap. 

With tokens like Tether receiving much criticism for its operations, and with stablecoins increasingly becoming a trend in 2019, the MakerDAO ecosystem has a chance to perform well, being a non-custodial solution to volatility in the market.

In this tag, read MakerDAO (MKR) news, price predictions, opinions and analyses created by users.

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8 Jan 2021 3 minute read 6 comments bettercallpaul

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7 Jan 2021 2 minute read 1 comment JakeB

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7 Jan 2021 4 minute read 1 comment bettercallpaul

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6 Jan 2021 1 minute read 4 comments Makingdigital

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The Bull Continues to Run: Bitcoin (BTC) Hits New All Time High of $32428; Alt Markets Continue Their Soar.

2 Jan 2021 1 minute read 2 comments bettercallpaul

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2 Jan 2021 1 minute read 1 comment Look@MyFace

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The DeFi sector provides investors with exciting opportunities that were previously not possible. Every week, new products, features, and networks enter the market. Each platform promises better returns and a more comprehensive UX. However, not every...

Lbry TV - Content Freedom - LBC crypto.

27 Dec 2020 1 minute read 5 comments Coincobra

How about wacth and publish videos in the decentralized channel and have a freedom of to sell or to buy or only publish free and to wacht free too.  This channel 👉LBRY allows to do everything and yet you are reward for this.  I'm already receiving lb...